Iran Secures $2Bn In Export Credits From Two French Banks
Two French banks SocieteGenerale and Credit Agricole Indosuez last month agreed to extend $2bn inexport credit to Irans five largest state-owned banks, Bank Mellat, BankMelli, Bank Saderat, Bank Sepah and Bank Tejarat. Under a credit frameworkagreement, Societe Generale will provide the five Iranian banks with a $1bncredit line to finance the import of capital goods and services from 11 EUcountries and...
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